Kindred Healthcare to Be Acquired for $4.1 Billion

December 19, 2017

Cleary Gottlieb is representing Kindred Healthcare in its acquisition by a consortium consisting of TPG Capital, Welsh, Carson, Anderson & Stowe and Humana Inc. for approximately $4.1 billion in cash including the assumption or repayment of net debt.

Immediately following the acquisition, the home health, hospice and community care businesses will be separated from Kindred and operated as a standalone company owned by Humana, TPG and Welsh Carson. Kindred’s LTAC hospitals, IRFs and contract rehabilitation services businesses will be operated as a separate specialty hospital company owned by TPG and Welsh Carson.